On March 7, White House AI and Cryptocurrency Director David Sacks said, "Just a few minutes ago, President Trump signed an executive order to establish a strategic BTC reserve. The reserve will be capitalized with BTC owned by the federal government as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a penny. It is estimated that the U.S. government owns about 200,000 BTC; however, a full audit has never been conducted. The executive order requires a comprehensive account of the federal government's digital asset holdings.
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